Iran to rent drills instead of building domestically
The Iranian Oil Ministry has adopted a new strategy to stop building drilling rigs domestically, IRIB reported.
The Oil Ministry's new policy is renting drilling rigs instead of building them.
Nearly two years ago Iran's Oil Minister Hamdollah Mohammadnejad said that the country reached self-sufficiency in building onshore drilling rigs.
At that time, Mohammadnejad said that five domestic companies were manufacturing onshore drilling rigs through reverse engineering and indigenizing the required technology.
He also said that three domestically-made drilling rigs have been tested successfully and have been delivered to the oil ministry. In addition, a contract for building five other drilling rigs has been signed with domestic companies.